Mutual of America Capital Management LLC Sells 4,518 Shares of OGE Energy Corp. (NYSE:OGE)

Mutual of America Capital Management LLC decreased its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 3.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,823 shares of the utilities provider’s stock after selling 4,518 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of OGE Energy worth $4,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of OGE. Dimensional Fund Advisors LP raised its holdings in OGE Energy by 11.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,419,650 shares of the utilities provider’s stock valued at $49,589,000 after acquiring an additional 144,487 shares during the period. Norges Bank bought a new position in shares of OGE Energy in the fourth quarter worth $49,274,000. Clearbridge Investments LLC bought a new position in shares of OGE Energy in the fourth quarter worth $208,000. Corient Private Wealth LLC bought a new position in shares of OGE Energy in the fourth quarter worth $491,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of OGE Energy by 178.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 762 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 488 shares during the period. Institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Up 1.5 %

Shares of NYSE:OGE opened at $40.71 on Monday. OGE Energy Corp. has a 52-week low of $31.25 and a 52-week high of $41.48. The firm has a fifty day moving average of $39.14 and a 200 day moving average of $36.42. The firm has a market capitalization of $8.16 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 3.75 and a beta of 0.74. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.36 and a current ratio of 0.71.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.05. OGE Energy had a net margin of 14.83% and a return on equity of 9.15%. The business had revenue of $662.60 million during the quarter, compared to analyst estimates of $837.51 million. During the same period in the prior year, the business posted $0.44 earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. As a group, research analysts anticipate that OGE Energy Corp. will post 2.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

OGE has been the topic of several research analyst reports. Barclays upped their price target on shares of OGE Energy from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Jefferies Financial Group initiated coverage on shares of OGE Energy in a report on Thursday. They issued a “buy” rating and a $46.00 price target on the stock. Finally, Evercore ISI upped their price target on shares of OGE Energy from $36.00 to $40.00 and gave the stock an “in-line” rating in a report on Thursday, August 8th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, OGE Energy has a consensus rating of “Hold” and a consensus price target of $36.86.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.